Economics Quiz 36
1 / 50
In the classical model, potential output cannot be increased by ?
2 / 50
Term the exclusive right of one or more persons to carry on some branch of trade of manufacture It is a sole power of dealing in something ?
3 / 50
Critics of our school system sate that _________________?
4 / 50
Suppose each of 20 neighbours on street values street repairs at ?3000 the cost of the street repair is ?40,000 which of the following statements is true ?
5 / 50
The crop most susceptible to frost is_______________?
6 / 50
If an increase in a consumer?s income causes the consumers to decrease her quantity demanded of a good, then the good is ?
7 / 50
Markets sometimes fail to exist because of________?
8 / 50
Which exchange rate system is characterized by the absence of government intervention ?
9 / 50
Involuntary unemployment exists if workers ?
10 / 50
Labeling theory has been criticized because_________________?
11 / 50
All of the following are thought to be sources of new product ideas EXCEPT ?
12 / 50
If the quantity of money demanded exceeds the quantity of money supplied then the interest rate will ?
13 / 50
Barriers to entry ?
14 / 50
As of 2005 what proportion of women were in managerial professional and administrative positions ?
15 / 50
The liquidity trap occurs when the demand for money ?
16 / 50
A profit maximising firm will employ labour up to the point where ?
17 / 50
The Superego of Freud,s theory is similar to Mead,s ?
18 / 50
Which of the following groups would not benefit from an EU imports quota on Japanese cars ?
19 / 50
uppose a consumer must choose between the consumption of sandwiches and pizza. If we measure the quantity of pizza on the horizontal axis and the quantity of sandwiches on the vertical axis and if the price of a pizza is Rs10 and the price of a sandwich is Rs5, then the slope of the budget constraint is ?
20 / 50
When real income increases other things equal we can expect the demand for real money holdings to ?
21 / 50
To assign uniform characteristics to an entire group of people without allowing for individual differences is called_____________?
22 / 50
Which of the following is NOT within the secondary economic sector ?
23 / 50
Economic growth is depicted by ?
24 / 50
Which of the following activities is one of the responsibilities of the Bank of England to the banking system ?
25 / 50
When you add a tomato product to a Hollandaise Sauce it is called ?
26 / 50
The sole legal right to print or publish anything which belongs to the author or his assignees is called ?
27 / 50
What is the ratio of Agriculturist by profession in Pakistan in (mid 2007) ?
28 / 50
Economic growth from current year (c) to previous year (p) is given by ?
29 / 50
The reduction of tax ?
30 / 50
The formula for the marginal revenue product of labour (L is for labour, X is the product) is ?
31 / 50
________ are quotas that result in a total prohibition of trade?
32 / 50
Negative life chances correspond to__________________?
33 / 50
In a floating exchange rate system ?
34 / 50
What is called interest that is paid previously earned interest as well as on the principal ?
35 / 50
The expectations people have regarding how husbands and wives ought to behave are called marital______________?
36 / 50
The main cause of different relative costs between countries are ?
37 / 50
When ________ substitutes exist, a monopolist has ________ power to raise price?
38 / 50
The use of price points for reference to different levels of quality for a company?s related products is typical of which product mix pricing strategy ?
39 / 50
The developed nations have only about 15% of the world?s population, but they are estimated to consume _______ of the world?s output ?
40 / 50
If the economy is at the peak of the business cycle, aggregate demand ____ unemployment _______ inflation _______ and the current account of the balance of payments is likely to move towards _______?
41 / 50
Public ownership of natural monopolies ?
42 / 50
The leading producer of sulphur in the world is ?
43 / 50
When stock market is falling it is_______________?
44 / 50
An increase in the price of a complement for product A would ?
45 / 50
Which of the following is not true about the specialized farm ?
46 / 50
Economic policies do not work as well as they should because of obstacles posed by______________?
47 / 50
A firm may be unable to maximize profits because it ?
48 / 50
The discipline that studies such disparate subjects as the environment religion politics criminality organization and so on is______________?
49 / 50
Studies other than Mead,s show that_________________?
50 / 50
Money that a government has required has required to be accepted in settlement of debts is ?
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